Seagate Technology (STX): Strong Quarter As Indicated By Preannouncemnt, Raising PT - Susquehanna
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Baird Remains Sidelined on Seagate Technology (STX) Following 1Q EPS Beat
October 20, 2016 7:58 AM EDTBaird maintained a Neutral rating and $37.00 price target on Seagate Technology (NASDAQ: STX) following the company's 1Q earnings report. Non-GAAP EPS was $0.99, above the guidance of $0.91 and above consensus of $0.89. Revenue was $2.797 billion, as preannounced by Seagate. For 2Q17, management expects sequentially flat revenue.... More
